Twitter, Inc. (NYSE:TWTR) shares jump after Facebook’s massive earnings beat shows online ad strength

Twitter, Inc. (NYSE:TWTR) shares jump after Facebook’s massive earnings beat shows online ad strength

Twitter, Inc. (NYSE:TWTR) shares jump after Facebook’s massive earnings beat shows online ad strength

Twitter spiked nearly 3 percent after hours, Google parent company Alphabet jumped 1.6 percent and Snap saw a 1.4 percent bump. In a year where all of tech was viewed with increased skepticism due to privacy scandals, Facebook’s earnings helped make the case that users and advertisers are not yet changing their habits.

Chief Operating Officer Sheryl Sandberg said on a call with investors that the company has more than 7 million advertisers across its services. In the U.S. and Canada, Facebook reported a nearly 32 percent increase in revenue while sustaining much slower growth in it monthly and daily active users, indicating the company is figuring out how to get more ad revenue from its existing user base.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 35.71.

The projected lower bound is: 28.78.

The projected closing price is: 32.25.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 30 white candles and 20 black candles for a net of 10 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 57.8164. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.67. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 23 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -74. This is not a topping or bottoming area. The last signal was a sell 11 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed up 0.620 at 32.260. Volume was 32% below average (neutral) and Bollinger Bands were 21% narrower than normal.

Open High Low Close Volume___
32.040 32.360 31.420 32.260 3,088,187

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 32.33 31.92 34.02
Volatility: 53 70 68
Volume: 3,007,740 4,148,946 5,080,090

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TWITTER INC is currently 5.2% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of TWTR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 13 periods.

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